Drug Discovery Informatics Market Trends, Segmentation, Demand, Industry Growth And Expansion 2024-2033

Spread the love

Overview and Scope
Drug discovery informatics is the development of systems that can operate more efficiently with such enormous volumes of clinical trial and treatment data. Drug discovery informatics will assist in managing medical information and can make the process of studying and developing successful new treatments faster and more efficient.

Sizing and Forecast
The drug discovery informatics market size has grown rapidly in recent years. It will grow from $3.36 billion in 2023 to $3.77 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to genomics and proteomics advancements, increasing complexity of drug targets, advancements in structural biology, rise in outsourcing, pharmacogenomics integration, drug repurposing strategies..

The drug discovery informatics market size is expected to see rapid growth in the next few years. It will grow to $6.06 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to expansion of precision medicine, drug-drug interaction prediction, patient-derived data analysis, biosimilars development, growing number of drug candidates.. Major trends in the forecast period include ai and machine learning integration, digital twins in drug development, collaboration platforms, blockchain for data security, advancements in imaging technologies, cloud-based informatics platforms..

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/drug-discovery-informatics-global-market-report

The drug discovery informatics market covered in this report is segmented –

1) By Service: In-House, Outsourced
2) By Modality: Cloud-Based Systems, In-Campus
3) By Application: Data Sequencing, Molecular Docking, Identification And Validation, Target Data Analysis
4) By End-User: Pharmaceutical Companies, Contract Research Organizations, Bio-Technology Companies

North America was the largest region in the drug discover informatics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the drug discovery informatics market during the forecast period. The regions covered in the drug discovery informatics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8960&type=smp

Major Driver Impacting Market Growth
The rising prevalence of various chronic diseases is expected to propel the growth of the drug discovery informatics market going forward. Chronic illnesses are described generically as disorders that persist for a year or longer and need continuing medical treatment, impede everyday activities or both. Drug discovery informatics systems aid in the advancement of chronic illness care by allowing researchers to probe more complex and transient molecular changes that underpin disease progression and drug response, resulting in multi-dimensional models of the entire hierarchical system in healthy, diseased, and treated states. For instance, according to a report published by the World Health Organization, a Switzerland-based agency of the United Nations responsible for international public health, in 2022, non-communicable diseases (NCDs) are expected to kill 41 million people, accounting for 74% of all deaths worldwide. Every year, 17 million people die from an NCD before the age of 70, with low- and middle-income nations accounting for 86% of these premature fatalities. Cardiovascular illnesses kill the most individuals each year (17.9 million), followed by cancer (9.3 million), chronic respiratory disorders (4.1 million), and diabetes (2.0 million, including kidney disease deaths caused by diabetes). Therefore, the rising prevalence of various chronic diseases is driving the growth of the drug discovery informatics market.

Key Industry Players
Major companies operating in the drug discovery informatics market are focusing on innovative products such as AI-powered life sciences solutions to drive revenues in their market. Artificial intelligence (AI)-driven life sciences solutions are advancing precision medicine and drug discovery, with the potential to completely transform the creation of novel therapies and individualized treatment plans to improve the speed, precision, and efficiency of the life sciences industry’s research and development procedures. For instance, in May 2023, Google Cloud Platform, a US-based technology company launched AI-powered life sciences solutions, target and lead identification suite, and the multiomics suite. These are intended to revolutionize life sciences companies by speeding up drug research and accelerating the release of new treatments. These methods anticipate protein structures, determine the role of amino acids, and analyze genetic data by utilizing high-performance computers, generative AI, and sophisticated computational tools. Multiomics suite aids in the development of precision medicine tools, the target and lead identification suite facilitates more effective in silico drug design.

The drug discovery informatics market report table of contents includes:

1. Executive Summary

2. Drug Discovery Informatics Market Characteristics

3. Drug Discovery Informatics Market Trends And Strategies

4. Drug Discovery Informatics Market – Macro Economic Scenario

5. Global Drug Discovery Informatics Market Size and Growth
……..

31. Global Drug Discovery Informatics Market Competitive Benchmarking

32. Global Drug Discovery Informatics Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Drug Discovery Informatics Market

34. Drug Discovery Informatics Market Future Outlook and Potential Analysis

35. Appendix

https://goodprnews.com/insurance-telematics-market-forecast-players/